Tuesday, March 28, 2023
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Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square

Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY).The company announced the impressive earnings figures in its second-quarter shareholder letter on August 1. In the report, Square revealed its total gross profit grew 91% YoY to $1.14 billion.Bitcoin services drove $2.72 billion

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Government of Uzbekistan Triples Tax on Electricity for Crypto Miners

The government of the Republic of Uzbekistan has ordered a 300% increase on electricity tariffs for cryptocurrency miners.According to a Sept. 27 announcement, the Cabinet of Ministers of the Republic of Uzbekistan has decreed that cryptocurrency miners must pay three times more the existing electricity tariffs. The provision follows an

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Santander Expanding Ripple-Powered Payments After Volume Triples

Spanish banking giant Santander plans to expand Ripple-powered global payment solution to Latin America, a Santander spokesperson told CryptoX on Aug. 19.Citing rising transaction volume, Santander wants to expand Ripple’s xCurrent technology to a number of Latin American countries after first introducing the technology in Spain, Brazil, Poland and

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